Thursday, March 13, 2014 8:07 AM EDT
Weekly Charts Updated
Each week we highlight charts below of the SP500, Russell 2000, NASDAQ Composite, UUP, EEM, TLT, HYG and CFT. The charts use the 50 day moving average slope indicator. When it is green we like the instrument we are tracking and when it is red we avoid the name/sector/asset class. More...
Daily P/Laybook: Futures Higher
US futures: S&P 3.50, Dow Jones +28 NDX +8.20 with fair value a tad lower. Asia higher ex Japan. Europe mixed. Copper, silver and gold lower. WTI Crude higher and Brent Oil Futures lower. Natural Gas lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield -2. Prices as of 7:55 a.m. EST More...
Today's Superstock Investor Stock Scorecard:
ULTA SALON COSMETCS & FRAG (ULTA)
Ulta Salon (ULTA) was a high flyer into the end of 2013. Since then it has had a fall from grace. Earnings are due after the close with estimates of $1.09 versus $1.00 from the year ago quarter we are currently in. Over time, the gap between $118 and $93.76 will get filled. Given the weakness, if interested in this name we would wait until after earnings are released to make sure there is not a miss. The price target has substantial upside. More...
Articles That Matter:
China: A Little Perspective Please
China can do nothing right in the eyes of the media. Last night China saw industrial output rise 8.6% and retail sales rose 11.8%. These numbers did not beat estimates and so the worries over a slowing China continue. Fears of a slowing China need to abate for U.S. stocks to break through 1900 on the S&P 500. More...